MarketS DailY - Jan 19

US Markets

Dow 8281+68.73 (+0.83%)
Nasdaq 1529+17.49 (+1.16%)
S&P 850+6.38 (+0.76%)

Europe

FTSE 100 4147+25.95 (+0.63%)
CAC 40 3017+20.87 (+0.70%)
DAX 30 4366+29.55 (+0.68%)

Asia at 9 30 AM

Nikkei 225 8293+63.13 (+0.77%)
Hang Seng 13417+161.15 (+1.22%)

SGX Nifty 2820 +4 pts

Commodities

Light Crude (NYM) 36.25 (-0.26)
Gold (CMX) 839.90 (+32.60)

Market Outlook:

US markets closed on positive side ahead of Obama's presidential oath. Markets are edgy and waiting for any news flows to make the next big move. Nifty will face resistance at 2950 levels

News Today

* Citigroup to split into 2 units after $8.3B loss

* The prime ministers of Russia and Ukraine reached an agreement to resume gas supplies.

* Zimbabwe to print first $100 trillion note as inflation surges to astronomical figures.

* Prime Minister Gordon Brown plans to unveil a second bailout for British banks to stoke more lending.


* Bank of America posted a $1.79 billion loss, hurt by rising credit costs, and defended its purchase of Merrill

* Warren Buffett: Barack Obama Will Help the Economy, But Don't Expect Short-Term Miracles.

* Obama : Economy Will Worsen Even With Stimulus.

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